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  1. Newsletter 396 - 06/10/2023

    Newsletters

    on next year’s primary surplus estimate, which nearly doubles to 2.1 pct of GDP, some 5.05 billion.... Private consumption will continue to grow by 1.6 pct, though slower from the 2.5 pct estimate of 2023... authorities is certainly more bullish than some of the estimates of international organisations

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  2. Revised GDP data shows 1.9 pct growth in 2019, taking 2017-2019 upward streak to nearly 5 pct
    Photo by MacroPolis

    EconomyMacroeconomy

    As part of the second estimate for the national accounts and the regular cycle of base year... and the annual series base year to 2015, from 2010. The second estimate of the previous year usually... estimated this year’s recession at 8.2 pct, this was already by some margin more bullish than

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  3. Finance Ministry ups 2017 budget primary surplus estimates on higher revenue projections
    Photo by Panayiotis Tzamaros/Fosphotos

    EconomyMacroeconomy

    of the prior actions multi-bill, has updated state budget estimates for 2017. The budget primary... government bodies, which are now estimated at 193 million euros from a previous figure of zero

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  4. Q1 GDP contracts 1.1 pct as Greece eyes growth in 2014
    Photo by MacroPolis

    EconomyMacroeconomy

    in 2013, which was slightly milder than the initial official recession estimate of 4.2 percent... Commission and the IMF estimate GDP will rebound by 0.6 percent in 2014. Projections made by the Bank... (Q1) of 2014 from -2.3 percent in Q4 2013, according to flash estimates published by the Hellenic

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  5. Greek economic contraction during crisis higher at 24.6 pct, revised data shows
    Photo by Harry van Versendaal

    EconomyMacroeconomy

    the previous estimate. However, the impact of recession during the period 2008-13 is now much deeper... the previous estimate) mainly stems from: a) A positive impact of 2.89 billion euros from methodological... with up to 1 percentage point revision from previous estimates

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  6. Newsletter 45 - 02/10/2015

    Newsletters

    a lower recession for this year at around 1.5 percent vis-à-vis the institutions’ official estimate of 2.3 percent. It may also forecast a milder recession for 2016, compared to the current estimate... than 15 November”. Although current estimates point to a lower level of official sector

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  7. Newsletter 197 -8/03/2019

    Newsletters

    by 0.1 percent quarter-on-quarter (QoQ) in the fourth quarter (Q4) of 2018, provisional estimates from the Hellenic Statistical Authority (ELSTAT) showed. The first estimate of the overall GDP figure... euros) and fell short of the Ministry of Finance’s (MoF) final budget estimate of 2.1 percent for 2018

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  8. Summer season looks under threat as revenues fail to materialise
    Photo by Pavlos Svoronos/Fosphotos

    EconomyMacroeconomy

    hit to its tourism industry this year. In that estimate, EY cited tourism analytics company..., the initial estimate of 8 billion euros in tourism receipts this year is already looking optimistic in light of the low numbers of arrivals in July, which was not foreseen by estimates including EY.

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  9. Fitch keeps rating at 'BB', sees GDP contraction of 7.9 pct in 2020
    Photo by MacroPolis

    Economy

    , essentially unchanged from its 8.1 pct estimate in April. Though uncertain, the recovery estimate remains... estimates have factored in the costs of adhering to the recent ruling by Council of State

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  10. GDP falls 8.2 pct in 2020, but rises 2.7 pct QoQ in Q4
    Photo by MacroPolis

    EconomyMacroeconomy

    a first estimate of the overall GDP figure for 2020, showing GDP dropped by 8.2 percent in real terms... to revision in the second GDP estimate which ELSTAT will release later in the year. The GDP increase..., provisional estimates from the Hellenic Statistical Authority (ELSTAT) revealed on Friday. Compared to Q4

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